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25-01-2021 00:33
HarveyH55Profile picture★★★★★
(3185)
Unfortunately, no matter how well you plan, not everything in life, conforms. What should have been plenty, and a decent amount left behind, is worth as much. The government keeps printing dollars, making what you saved, worth less. You can plan on somebody wanting to take what you saved, but you can't know what will be left.

I'm guessing you planned for your retirement, but you still take advantage of every dollar the government has to offer, even if you don't need it. That's just more money, you can leave for your kids...
25-01-2021 01:47
GasGuzzlerProfile picture★★★★★
(2015)
keepit wrote:
Re: The threat of inflation.
I don't understand how they can keep printing money and not have serious consequences later. Maybe they can though.

They can't. Every dollar printed actually does increase the number of dollars, and devalues current dollars. There WILL be a HUGE problem in the near future.
keepit wrote:
The thing is, there are so many people hurting financially right now that it is better to print than to suffer.

Sure, let someone else deal with it...like our children and grandchildren. Here's a thought...stop deficit spending. If you can't pay for it, don't buy it. That's how I run my household. It actually works well.
keepit wrote:
It boils down to this : better to solve a problem (financial suffering) now and suffer later (inflation) than to suffer now and maybe suffer later.

Nothing is solved by printing money now. It only creates a much worse problem in the future. Wish we had enough politicians with balls enough to say "no", but saying "no" to everything doesn't get you elected.
keepit wrote:
We might not have to suffer later.

You will, if you're still around. It will likely be your children and grandchildren.
keepit wrote:
Don't do today what you can put off til tomorrow because tomorrow you might not have to.

Seriously, some of the greatest advice I've ever gotten my hands on.

keepit wrote:
I don't think anyone here understands the economics of currency any better than i do so don't pretend that you do.

Wait! Let me scroll back....there it is...here we go...
keepit-I don't understand how they can keep printing money and not have serious consequences later. Maybe they can though.
keepit-
All this paranoia about impending socialism is nothing. A few socialist measures don't amount to socialism.

Sure, and a few snarky remarks don't amount to snarkism.
keepit-
Trump wanted to be a dictator

No he didn't, but you think that is true because it is what you've been told to believe.
Trump wanted more freedom and less gov. Period.


Showing up with a gun at all is just weird and gross.--tmiddles
Edited on 25-01-2021 01:49
25-01-2021 02:37
James___
★★★★★
(4137)
keepit wrote:
I heard a good joke about retirement (not about me).
This retired military guy took a job as a walmart greeter. Everyone liked him and he did a good job. The only thing was, he always showed up 15 or 20 minutes late for work. Still, they didn't fire him because he did a good job for walmart. One day someone asked him, "What did they say to you when you showed up for work late every day in the military?" He answered, "They would say, good morning general, can i get you a cup of coffee?"



I have a brother who was in the Air Force for 20 years. I'll have to send that to him, it's hilarious and so true. My brother even when we were in NJROTC would say
RHIP. Rank has it's privileges.
25-01-2021 02:40
James___
★★★★★
(4137)
HarveyH55 wrote:
Unfortunately, no matter how well you plan, not everything in life, conforms. What should have been plenty, and a decent amount left behind, is worth as much. The government keeps printing dollars, making what you saved, worth less. You can plan on somebody wanting to take what you saved, but you can't know what will be left.

I'm guessing you planned for your retirement, but you still take advantage of every dollar the government has to offer, even if you don't need it. That's just more money, you can leave for your kids...



Sadly low interest rates on home loans might not help the working class. Housing prices went up so no money was saved by your average worker. Just Republicans get richer while exporting American manufacturing jobs.
25-01-2021 03:03
keepit
★★★★★
(2072)
Gas,
It doesn't sound like you are taking into consideration the fact that if we don't keep the economy alive by printing money, permanent damage to the economy and to individuals will occur.
Stay alive today and fix things tomorrow.
25-01-2021 03:52
GasGuzzlerProfile picture★★★★★
(2015)
keepit wrote:
Gas,
It doesn't sound like you are taking into consideration the fact that if we don't keep the economy alive by printing money

Not a fact. You keep an economy alive with growth, which has been effectively shut down for 1 year BY DEMOCRATS using the excuse of covid. It has all been purposefully destroyed to insure Trump's greatest economy in history was a distant memory at election time.

With Trump out of the way, covid "miracles" can now happen. CNN was reporting just a day after inauguration that covid cases were magically going down in 47 states. They NEVER reported that with Trump in office. CNN also reports that "there was no covid vaccination plan in place". "Biden will have to start from scratch". Never mind that under Trump there was nearly a million vaccinations a day.

It is all a smoke show distraction from Biden is really up to. "What is he up to?" you ask.

Here's one...
Executive order...I don't know what number... He killed the Keystone Pipeline, also killing around 12,000 jobs with gross wages of around 1.5 billion dollars. Those are real families, losing real money, and now really suffering.

Now, should we print the 1.5 billion and just hand it out? After all, they can print up to around 2 billion dollars without increasing the number of dollars.


Oh did I mention Warren Buffet owns Burlington Northern Santa Fe Railroad? NO WAY big democrat buffet could profit from this!? Who will transport the crude oil??

keepit wrote:
Stay alive today and fix things tomorrow.


No, fix it TODAY and THRIVE tomorrow.


Showing up with a gun at all is just weird and gross.--tmiddles
Edited on 25-01-2021 03:54
25-01-2021 04:16
James___
★★★★★
(4137)
GasGuzzler wrote:
keepit wrote:
Gas,
It doesn't sound like you are taking into consideration the fact that if we don't keep the economy alive by printing money

Not a fact. You keep an economy alive with growth, which has been effectively shut down for 1 year BY DEMOCRATS using the excuse of covid. It has all been purposefully destroyed to insure Trump's greatest economy in history was a distant memory at election time.

With Trump out of the way, covid "miracles" can now happen. CNN was reporting just a day after inauguration that covid cases were magically going down in 47 states. They NEVER reported that with Trump in office. CNN also reports that "there was no covid vaccination plan in place". "Biden will have to start from scratch". Never mind that under Trump there was nearly a million vaccinations a day.

It is all a smoke show distraction from Biden is really up to. "What is he up to?" you ask.

Here's one...
Executive order...I don't know what number... He killed the Keystone Pipeline, also killing around 12,000 jobs with gross wages of around 1.5 billion dollars. Those are real families, losing real money, and now really suffering.

Now, should we print the 1.5 billion and just hand it out? After all, they can print up to around 2 billion dollars without increasing the number of dollars.


Oh did I mention Warren Buffet owns Burlington Northern Santa Fe Railroad? NO WAY big democrat buffet could profit from this!? Who will transport the crude oil??

keepit wrote:
Stay alive today and fix things tomorrow.


No, fix it TODAY and THRIVE tomorrow.



This sounds like a rant. Need a vibrator? I bet your panties are twisted in a bunch. If we go into a recession, you'll be rich just as you thrived during the Great Recession.
With the economy, you also need to consider how other countries have fared during the pandemic. Yet you don't seem to be aware that our economy is because of the American dollars that China owns.
They own about 1/2 of all foreign owned US dollars. That gives them, Senator McConnell and his wife Elaine Chao a lot of power over the US economy. This is why we have a trade deficit with China that hurts the US.
25-01-2021 04:37
GasGuzzlerProfile picture★★★★★
(2015)
James___ wrote:
GasGuzzler wrote:
[quote]keepit wrote:
Gas,
It doesn't sound like you are taking into consideration the fact that if we don't keep the economy alive by printing money

Not a fact. You keep an economy alive with growth, which has been effectively shut down for 1 year BY DEMOCRATS using the excuse of covid. It has all been purposefully destroyed to insure Trump's greatest economy in history was a distant memory at election time.

With Trump out of the way, covid "miracles" can now happen. CNN was reporting just a day after inauguration that covid cases were magically going down in 47 states. They NEVER reported that with Trump in office. CNN also reports that "there was no covid vaccination plan in place". "Biden will have to start from scratch". Never mind that under Trump there was nearly a million vaccinations a day.

It is all a smoke show distraction from Biden is really up to. "What is he up to?" you ask.

Here's one...
Executive order...I don't know what number... He killed the Keystone Pipeline, also killing around 12,000 jobs with gross wages of around 1.5 billion dollars. Those are real families, losing real money, and now really suffering.

Now, should we print the 1.5 billion and just hand it out? After all, they can print up to around 2 billion dollars without increasing the number of dollars.


Oh did I mention Warren Buffet owns Burlington Northern Santa Fe Railroad? NO WAY big democrat buffet could profit from this!? Who will transport the crude oil??

keepit wrote:
Stay alive today and fix things tomorrow.


No, fix it TODAY and THRIVE tomorrow.


James___ wrote:
This sounds like a rant.

It's a bit of a rant. Sick of people not thinking for themselves and pretending to be the smartest one in the room because they watch CNN.

James___ wrote:
If we go into a recession, you'll be rich just as you thrived during the Great Recession.

I did quite well during the Great Recession. I also did quite well in Trump's great economy. It's ALWAYS better when everyone has an opportunity to do well. Poor dudes working the pipeline just got fuked. Their opportunity just disappeared. Thanks Biden.

James___ wrote:
With the economy, you also need to consider how other countries have fared during the pandemic.

No I don't.

James___ wrote:
Yet you don't seem to be aware that our economy is because of the American dollars that China owns.

You're right, I'm completely unaware of this misinformation. I always thought our great economy was the result of free people, striving to achieve at the highest level, in a free market. Silly me.

James___ wrote:
They own about 1/2 of all foreign owned US dollars. That gives them, Senator McConnell and his wife Elaine Chao a lot of power over the US economy.

News flash James...I'm no fan of McConnell. I think he is poison to his party, and his ties to China make matters even worse. His departure from the senate in 2026 is not soon enough. He needs to go YESTERDAY.


Showing up with a gun at all is just weird and gross.--tmiddles
Edited on 25-01-2021 04:41
25-01-2021 05:23
James___
★★★★★
(4137)
GasGuzzler wrote:

James___ wrote:
Yet you don't seem to be aware that our economy is because of the American dollars that China owns.

You're right, I'm completely unaware of this misinformation. I always thought our great economy was the result of free people, striving to achieve at the highest level, in a free market. Silly me.



If China sells the US Dollars that it is holding, the value of the US Dollar will fall.
It's simple math. Here is some for you. It's quite basic. And if the US economy falters under our new president as you predict, then when you're making money, this will help you to count it.
Hopefully you know what binomials and quadratic equations are and how to factor them. Just not as complex as our economy.


https://www.youtube.com/watch?v=8Pv2c-8AwOI

p.s., pm me your address and I'll order you a vibrator. Either that or maybe buy you something other than a g-string to wear?
Edited on 25-01-2021 05:27
25-01-2021 07:15
James___
★★★★★
(4137)
@GG, you were a Trump Hunny Bunny, right?
25-01-2021 12:34
Into the NightProfile picture★★★★★
(15044)
GasGuzzler wrote:
keepit wrote:
Re: The threat of inflation.
I don't understand how they can keep printing money and not have serious consequences later. Maybe they can though.

They can't. Every dollar printed actually does increase the number of dollars, and devalues current dollars. There WILL be a HUGE problem in the near future.
keepit wrote:
The thing is, there are so many people hurting financially right now that it is better to print than to suffer.

Sure, let someone else deal with it...like our children and grandchildren. Here's a thought...stop deficit spending. If you can't pay for it, don't buy it. That's how I run my household. It actually works well.
keepit wrote:
It boils down to this : better to solve a problem (financial suffering) now and suffer later (inflation) than to suffer now and maybe suffer later.

Nothing is solved by printing money now. It only creates a much worse problem in the future. Wish we had enough politicians with balls enough to say "no", but saying "no" to everything doesn't get you elected.
keepit wrote:
We might not have to suffer later.

You will, if you're still around. It will likely be your children and grandchildren.
keepit wrote:
Don't do today what you can put off til tomorrow because tomorrow you might not have to.

Seriously, some of the greatest advice I've ever gotten my hands on.

keepit wrote:
I don't think anyone here understands the economics of currency any better than i do so don't pretend that you do.

Wait! Let me scroll back....there it is...here we go...
keepit-I don't understand how they can keep printing money and not have serious consequences later. Maybe they can though.
keepit-
All this paranoia about impending socialism is nothing. A few socialist measures don't amount to socialism.

Sure, and a few snarky remarks don't amount to snarkism.
keepit-
Trump wanted to be a dictator

No he didn't, but you think that is true because it is what you've been told to believe.
Trump wanted more freedom and less gov. Period.


Printing fiat money is actually okay, so long as it is not printed faster than the creation of wealth (which only capitalism can do).

The problem is when a government (like ours) is printing it faster than wealth creation. That causes inflation. The dollar overall is worth less than it was before.

The SOA (what used to be the federal government) is huge. It cannot pay for it's own operations through taxation or by borrowing it. It must print huge sums of dollars just to pay to keep it going. It is broke. It is quickly running out of options. A cash crash is inevitable. It's only a matter of time, perhaps a fairly short time at that. People are already looking around for another currency.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit
25-01-2021 12:36
Into the NightProfile picture★★★★★
(15044)
James___ wrote:
HarveyH55 wrote:
Unfortunately, no matter how well you plan, not everything in life, conforms. What should have been plenty, and a decent amount left behind, is worth as much. The government keeps printing dollars, making what you saved, worth less. You can plan on somebody wanting to take what you saved, but you can't know what will be left.

I'm guessing you planned for your retirement, but you still take advantage of every dollar the government has to offer, even if you don't need it. That's just more money, you can leave for your kids...



Sadly low interest rates on home loans might not help the working class. Housing prices went up so no money was saved by your average worker. Just Republicans get richer while exporting American manufacturing jobs.


Class warfare. Bigotry.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit
25-01-2021 12:37
Into the NightProfile picture★★★★★
(15044)
keepit wrote:
Gas,
It doesn't sound like you are taking into consideration the fact that if we don't keep the economy alive by printing money, permanent damage to the economy and to individuals will occur.

No. Printing money does not keep the economy alive, nor does it prevent damage caused by theft of wealth.
keepit wrote:
Stay alive today and fix things tomorrow.

Printing money is not fixing anything.


The Parrot Killer

Debunked in my sig. - tmiddles

Google keeps track of paranoid talk and i'm not on their list. I've been evaluated and certified. - keepit
25-01-2021 15:27
duncan61
★★★★☆
(1015)
James___ wrote:
Yet you don't seem to be aware that our economy is because of the American dollars that China owns.
Where do you get this stuff.We have all the American money as the Chinese used it to buy the Northern Territory.Sad for them as our prime minister took a hard stand and wished for answers about The Covid situation so diplomatic ties were broken and China banned Coal ,wine and seafood imports from Australia.We sold our coal to Russia for the same price and they kept it for themselves and sold their brown stuff to China for more.We were taught a big lesson on that one.The government susidised the wine industry and flooded the local markets with cheap good quality wine and rock lobster prices are a third.Most cray fisherman can turn to other fishing the next day so no harm no foul and China can F off.USA has always been big brother with a big military support to protect us should Asian nations wish to have a go and hope your new guy is still going to honour that or are we going back to sailing ships and swords
25-01-2021 16:15
IBdaMannProfile picture★★★★★
(8611)
keepit wrote:No exaggeration allowed. The difference between Zimbabwe and the us is that people believe in the dollar and are willing to buy into it.

People have faith in the dollar for the moment. It has not yet spiraled into hyperinflation. I assure you, hyperinflation has a way of diminishing faith in a currency.

Absolute power corrupts absolutely.

Absolute hyperinflation disenthralls absolutely.

When the people need a $100 Trillion dollar bill to enable their carrying cash to fit in a backpack, the faith in the currency has already reached a certain low.

.
Attached image:

25-01-2021 16:55
IBdaMannProfile picture★★★★★
(8611)
keepit wrote: It doesn't sound like you are taking into consideration the fact that if we don't keep the economy alive by printing money, permanent damage to the economy and to individuals will occur.
Stay alive today and fix things tomorrow.

Your idea is to kill the economy dead in the name of saving the economy. It's a good thing you aren't a decision maker.

In Venezuela, where your "idea" has been implemented several times, typically after deprecating the previous currency, the resulting hyperinflation renders the currency worth less than art supplies ... so people make crafts out of the currency.








The current V50,000 note pictured below, introduced in 2018, is already worth less than three cents of $US.
Attached image:


Edited on 25-01-2021 17:00
25-01-2021 18:13
HarveyH55Profile picture★★★★★
(3185)
Into the Night wrote:
GasGuzzler wrote:
keepit wrote:
Re: The threat of inflation.
I don't understand how they can keep printing money and not have serious consequences later. Maybe they can though.

They can't. Every dollar printed actually does increase the number of dollars, and devalues current dollars. There WILL be a HUGE problem in the near future.
keepit wrote:
The thing is, there are so many people hurting financially right now that it is better to print than to suffer.

Sure, let someone else deal with it...like our children and grandchildren. Here's a thought...stop deficit spending. If you can't pay for it, don't buy it. That's how I run my household. It actually works well.
keepit wrote:
It boils down to this : better to solve a problem (financial suffering) now and suffer later (inflation) than to suffer now and maybe suffer later.

Nothing is solved by printing money now. It only creates a much worse problem in the future. Wish we had enough politicians with balls enough to say "no", but saying "no" to everything doesn't get you elected.
keepit wrote:
We might not have to suffer later.

You will, if you're still around. It will likely be your children and grandchildren.
keepit wrote:
Don't do today what you can put off til tomorrow because tomorrow you might not have to.

Seriously, some of the greatest advice I've ever gotten my hands on.

keepit wrote:
I don't think anyone here understands the economics of currency any better than i do so don't pretend that you do.

Wait! Let me scroll back....there it is...here we go...
keepit-I don't understand how they can keep printing money and not have serious consequences later. Maybe they can though.
keepit-
All this paranoia about impending socialism is nothing. A few socialist measures don't amount to socialism.

Sure, and a few snarky remarks don't amount to snarkism.
keepit-
Trump wanted to be a dictator

No he didn't, but you think that is true because it is what you've been told to believe.
Trump wanted more freedom and less gov. Period.


Printing fiat money is actually okay, so long as it is not printed faster than the creation of wealth (which only capitalism can do).

The problem is when a government (like ours) is printing it faster than wealth creation. That causes inflation. The dollar overall is worth less than it was before.

The SOA (what used to be the federal government) is huge. It cannot pay for it's own operations through taxation or by borrowing it. It must print huge sums of dollars just to pay to keep it going. It is broke. It is quickly running out of options. A cash crash is inevitable. It's only a matter of time, perhaps a fairly short time at that. People are already looking around for another currency.


The Biden economic plan, seems to be to print lots of dollars, to give away in social programs, and stimulus. To shut down businesses, to win the fight over a cold virus. Reverse, or cancel everything Trump did, focusing on job creation, and deregulation. With no jobs, and no business, people will have to spend their stimulus checks, online, buying cheap crap from China. When China figures out Joe is writing them bad checks, they'll raise their prices, to adjust for their loses. So Americas will pay more, for the same cheap crap. They'll also impose tariffs, and charge competitive shipping rates, since America isn't manufacturing much crap. Since China is doing it, everybody else will follow.
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